When an insurance company fails to uphold its obligations to its policyholders, it may be considered to be acting in bad faith. This can include denying valid claims, delaying payments, or offering inadequate settlements. Insurance bad faith lawyers specialize in representing policyholders who have been wronged by their insurers. They can help policyholders recover the compensation they are entitled to, as well as damages for the insurer’s bad faith conduct.
Insurance bad faith litigation is important because it helps to protect policyholders from the unfair and abusive practices of insurance companies. It also serves as a deterrent to insurers, encouraging them to treat their policyholders fairly. In recent years, there has been a growing trend of insurance bad faith litigation, as policyholders have become more aware of their rights and more willing to hold insurers accountable.